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Victoria Group 4, Lugazi
In this Group: Patrick, Soka, Sam, Edith, Ishaka, Mirembe, Siyama, Grace, Lydia, Edward , Ronie, Rehema, Fredrick, Martin
B. Patrick is the leader of his lending group in Lugazi. He is a 36-year-old businessman who buys fish for resale to his customers in Lugazi and Mukono. From his sales, he is able to make over 300,000/- as profits a month.

Patrick works so hard for his business to increase as he hopes to become the biggest supplier of fish around the region and his determination and hard work, in addition to the loans for increased capital, will take him there. He needs a loan to be able to buy more fish for resale.

(One of the ladies squatting in a black sharia with a yellow and white robe appears in another subgroup since in this photo, her face is not very clear.)

Additional Information

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Uganda

  • $1,500
    Average annual income
  • 275
    View loans »
    Uganda Loans Fundraising
  • $29,595,025
    Funds lent in using Kiva
  • 2,012.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Victoria Group 4, Lugazi's $4,850 loan helped a member to buy more fish to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 11, 2010
Listed
Feb 15, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 20, 2010